i will just add my question here as it's related:
1. if i move to Portugal next year without a job and live off savings for a few months but trade crypto on the side, does that then count as income and will be taxed?
2. in an alternative scenario, i will move to Portugal but will have a remote job and trade crypto on the side, do i still need to report my trades ?
would appreciate any help!
In a nutshell, think like this:
- If it is to be a source of income, ie business, then you will have to declare and probably pay taxes.
- If you have another source of income, and do it privately. You do not have to declare or pay taxes.